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Financial Terms | |
Timecard |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of TimecardTimecardA document or electronic record on which an employee records his or
Related Terms:Accounting periodThe period of time for which financial statements are produced – see also financial year. Accumulated Other Comprehensive IncomeCumulative gains or losses reported in shareholders' Annualized holding period returnThe annual rate of return that when compounded t times, would have Annuity PeriodThe time between each payment under an annuity. Average Amortization PeriodThe average useful life of a company's collective amortizable asset base. Average Collection PeriodAverage number of days necessary to receive cash for the sale of Average collection period, or days' receivablesThe ratio of accounts receivables to sales, or the total ![]() BellwetherA signalling device. Bellwether issuesRelated:Benchmark issues. Cherry PickingSelecting specific assets for sale so as to record desired gains or losses. Common stock/other equityValue of outstanding common shares at par, plus accumulated retained Compounding periodThe length of the time period (for example, a quarter in the case of quarterly compounding periodthe time between each interest computation Contract Work Hours and Safety Standards ActA federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week. Credit periodThe length of time for which the customer is granted credit. Critical Growth PeriodsTimes in a company's history when growth is essential and without which survival of the business might be in jeopardy. ![]() Date of recordDate on which holders of record in a firm's stock ledger are designated as the recipients of Discount periodThe period during which a customer can deduct the discount from the net amount of the bill Discounted payback period ruleAn investment decision rule in which the cash flows are discounted at an Documented discount notesCommercial paper backed by normal bank lines plus a letter of credit from a e-commerce (electronic commerce)any business activity that uses the Internet and World Wide Web to engage in financial transactions economically reworkedwhen the incremental revenue from the sale of reworked defective units is greater than EFT (electronic funds transfer)Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT. Either/or facilityAn agreement permitting a bank customer to borrow either domestic dollars from the Either-way marketIn the interbank Eurodollar deposit market, an either-way market is one in which the bid Electronic data interchange (EDI)The exchange of information electronically, directly from one firm's electronic data interchange (EDI)the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute Electronic depository transfersThe transfer of funds between bank accounts through the Automated Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government. EmployeeA person who renders services to another entity in exchange for compensation. Employee Retirement Income Security Act of 1974 (ERISA)A federal Act that sets minimum operational and funding standards for employee benefit Employee stock fundA firm-sponsored program that enables employees to purchase shares of the firm's Employee stock ownership plan (ESOP)A company contributes to a trust fund that buys stock on behalf of Employee Stock Ownership Plan (ESOP)a profit-sharing compensation program in which investments are made in Employee Stock Ownership Plan (ESOP)A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer. employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time Evaluation periodThe time interval over which a money manager's performance is evaluated. Extended Amortization PeriodAn amortization period that continues beyond a long-lived asset's economic useful life. Extended Amortization PeriodsAmortizing capitalized expenditures over estimated useful lives that are unduly optimistic. Fisher effectA theory that nominal interest rates in two or more countries should be equal to the required real Fisher ratethe rate of return that equates the present values Fisher's separation theoremThe firm's choice of investments is separate from its owner's attitudes towards Full Credit PeriodThe period of trade credit given by a supplier to its customer. Grace PeriodA specific period of time after a premium payment is due during which the policy owner may make a payment, and during which, the protection of the policy continues. The grace period usually ends in 30 days. Grace PeriodLength of time during which repayments of loan principal are excused. Usually occurs at the start of the loan period. Herstatt riskThe risk of loss in foreign exchange trading that one party will deliver foreign exchange but the counterparty financial institution will fail to deliver its end of the contract. It is also referred to as settlement risk. historical costa cost incurred in the past; the recorded purchase Historical costThe original cost required to perform a service or purchase an asset. Historical exchange rateAn accounting term that refers to the exchange rate in effect when an asset or Holder-of-record dateThe date on which holders of record in a firm's stock ledger are designated as the Holding periodLength of time that an individual holds a security. Holding period returnThe rate of return over a given period. International Fisher effectStates that the interest rate differential between two countries should be an international Fisher effectTheory that real interest rates in all countries should be equal, with differences in nominal rates reflecting differences in expected inflation. job cost recordsee job order cost sheet line employeean employee who is directly responsible for Multiperiod immunizationA portfolio strategy in which a portfolio is created that will be capable of Net periodThe period of time between the end of the discount period and the date payment is due. Neutral periodIn the Euromarket, a period over which Eurodollars are sold is said to be neutral if it does not Odd first or last periodFixed-income securities may be purchased on dates operations flow documenta document listing all operations Other assetsA cluster of accounts that are listed after fixed assets on the balance sheet, Other capitalIn the balance of payments, other capital is a residual category that groups all the capital Other current assetsValue of non-cash assets, including prepaid expenses and accounts receivable, due Other long term liabilitiesValue of leases, future employee benefits, deferred taxes and other obligations Other sourcesAmount of funds generated during the period from operations by sources other than Other-than-Temporary Decline in Market ValueThe standard used to describe a decline in market value that is not expected to recover. The use of the other-than-temporary description as Payback PeriodThe number of years necessary for the net cash flows of an payback periodthe time it takes an investor to recoup an payback periodTime until cash flows recover the initial investment of the project. Payroll CycleThe period of service for which a company compensates its employees. Payroll expenseThe amount paid to employees for services rendered; synonymous with salary expense and wage expense. Payroll journalA journal used to record the payroll of a company. Payroll RegisterA report on which is summarized the wage and deduction information Payroll StabilizationThis calculation is used by states to determine the unemployment Payroll tax expenseThe amount of tax associated with salaries that an employer pays to governments (federal, state, and local). Payroll taxes payableThe amount of payroll taxes owed to the various governments at the end of a period. period costcost other than one associated with making or acquiring inventory Period costsThe costs that relate to a period of time. periodic compensationa pay plan based on the time spent on the task rather than the work accomplished Periodic inventoryA physical inventory count taken on a repetitive basis. Periodic inventory systemAn inventory system in which the balance in the Inventory account is adjusted for the units sold only at the end of the period. PPF (periodic perpetuity factor)a generalization formula invented by Abrams that is the present value of regular but noncontiguous cash flows that have constant growth to perpetuity. Preauthorized electronic debits (PADs)Debits to its bank account in advance by the payer. The payer's Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. Record accuracyThe variance between book and on-hand quantities, expressed Record date1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. Record dateThe date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend. Red herringA preliminary prospectus containing information required by the SEC. It excludes the offering Reporting periodThe time period for which transactions are compiled into a set of financial statements. routing documentsee operations flow document Savings Incentive Match Plan for Employees (SIMPLE)An IRA set up by an employer with no other retirement plan and employing fewer than 100 employees, Source documentThe document that records a transaction and forms the basis for recording in a business’s staff employeean employee responsible for providing advice, Subperiod returnThe return of a portfolio over a shorter period of time than the evaluation period. T-period holding-period returnThe percentage return over the T-year period an investment lasts. Waiting periodTime during which the SEC studies a firm's registration statement. during this time the firm Waiting Period (Credit Insurance)A specific time that must pass following the onset of a covered disability before any benefits will be paid under a creditor disability policy. (Also known as an elimination period). Where-used reportA report listing every product whose bill of material calls for Workout periodRealignment period of a temporary misaligned yield relationship that sometimes occurs in Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |